VR -Drilling Equipments: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VR -Drilling Equipments
Largest movements
- Receivables within one year -€73,724
down €73,724 (-5.2%), from €1.4m to €1.3m
of which Trade receivables: -€87,824
- Tangible fixed assets -€44,543
down €44,543 (-14.0%), from €318,310 to €273,767
of which Plant, machinery and equipment: -€38,889
- Cash +€25,366
up €25,366 (+144%), from €17,640 to €43,006
mainly Other debts (+€135,734) and Receivables within one year (+€73,724)
- Other debts +€135,734
up €135,734 (+91.0%), from €149,189 to €284,923
- Trade debts -€75,797
down €75,797 (-6.4%), from €1.2m to €1.1m
- Debts after one year -€68,792
down €68,792 (-45.1%), from €152,486 to €83,694
- Advances received -€44,000
no longer reported in 2025 (was €44,000)
- Short-term financial debts -€40,000
no longer reported in 2025 (was €40,000)
- Gross operating margin -€26,472
down €26,472 (-22.8%), from €116,187 to €89,715
- Financial charges -€22,917
down €22,917 (-77.3%), from €29,628 to €6,711
of which Non-recurring financial charges: -€14,048
- Depreciation +€9,856
up €9,856 (+20.5%), from €48,177 to €58,033
- Taxes +€2,679
up €2,679 (+67.2%), from €3,984 to €6,664
- Other operating charges +€1,412
up €1,412 (+51.4%), from €2,747 to €4,158
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,964,307 | €1,859,605 | -€104,701 | -5.3% |
| Fixed assets | 21/28 | €353,710 | €297,367 | -€56,343 | -15.9% |
| Intangible fixed assets | 21 | €35,400 | €23,600 | -€11,800 | -33.3% |
| Tangible fixed assets | 22/27 | €318,310 | €273,767 | -€44,543 | -14.0% |
| Land and buildings | 22 | €810 | - | -€810 | |
| Plant, machinery and equipment | 23 | €287,885 | €248,996 | -€38,889 | -13.5% |
| Furniture and vehicles | 24 | €29,614 | €24,771 | -€4,844 | -16.4% |
| Current assets | 29/58 | €1,610,596 | €1,562,239 | -€48,358 | -3.0% |
| Stocks and contracts in progress | 3 | €182,334 | €182,334 | = | 0.0% |
| Stocks | 30/36 | €147,334 | €182,334 | +€35,000 | +23.8% |
| Contracts in progress | 37 | €35,000 | - | -€35,000 | |
| Amounts receivable within one year | 40/41 | €1,410,622 | €1,336,899 | -€73,724 | -5.2% |
| Trade receivables | 40 | €1,136,367 | €1,048,542 | -€87,824 | -7.7% |
| Other amounts receivable | 41 | €274,256 | €288,357 | +€14,101 | +5.1% |
| Cash at bank and in hand | 54/58 | €17,640 | €43,006 | +€25,366 | +144% |
| Total equity and liabilities | 10/49 | €1,964,307 | €1,859,605 | -€104,701 | -5.3% |
| Equity | 10/15 | €281,292 | €296,157 | +€14,865 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €261,994 | €276,858 | +€14,865 | +5.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €260,134 | €274,998 | +€14,865 | +5.7% |
| Profit (loss) carried forward | 14 | €699 | €699 | = | 0.0% |
| Amounts payable | 17/49 | €1,683,014 | €1,563,448 | -€119,566 | -7.1% |
| Amounts payable after more than one year | 17 | €152,486 | €83,694 | -€68,792 | -45.1% |
| Financial debts | 170/4 | €152,486 | €83,694 | -€68,792 | -45.1% |
| Amounts payable within one year | 42/48 | €1,529,573 | €1,477,557 | -€52,016 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €68,310 | €69,600 | +€1,289 | +1.9% |
| Financial debts | 43 | €40,000 | - | -€40,000 | |
| Credit institutions | 430/8 | €40,000 | - | -€40,000 | |
| Trade debts | 44 | €1,188,586 | €1,112,789 | -€75,797 | -6.4% |
| Suppliers | 440/4 | €1,188,586 | €1,112,789 | -€75,797 | -6.4% |
| Advances received on contracts in progress | 46 | €44,000 | - | -€44,000 | |
| Taxes, remuneration and social security | 45 | €39,489 | €10,246 | -€29,243 | -74.1% |
| Taxes | 450/3 | €39,489 | €10,246 | -€29,243 | -74.1% |
| Other amounts payable | 47/48 | €149,189 | €284,923 | +€135,734 | +91.0% |
| Accrued charges and deferred income | 492/3 | €955 | €2,197 | +€1,242 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,177 | €58,033 | +€9,856 | +20.5% |
| Other operating charges | 640/8 | €2,747 | €4,158 | +€1,412 | +51.4% |
| Gross operating margin | 9900 | €116,187 | €89,715 | -€26,472 | -22.8% |
| Operating profit (loss) | 9901 | €65,263 | €27,524 | -€37,739 | -57.8% |
| Financial income | 75/76B | €270 | €716 | +€445 | +165% |
| Recurring financial income | 75 | €270 | €716 | +€445 | +165% |
| Financial charges | 65/66B | €29,628 | €6,711 | -€22,917 | -77.3% |
| Recurring financial charges | 65 | €15,581 | €6,711 | -€8,870 | -56.9% |
| Non-recurring financial charges | 66B | €14,048 | - | -€14,048 | |
| Profit (loss) for the period before taxes | 9903 | €35,905 | €21,528 | -€14,377 | -40.0% |
| Income taxes | 67/77 | €3,984 | €6,664 | +€2,679 | +67.2% |
| Profit (loss) for the period | 9904 | €31,920 | €14,865 | -€17,056 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,920 | €14,865 | -€17,056 | -53.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.